New Recommendations by the FINRA Dispute Resolution Task Force (2nd Article)

Posted on February 17th, 2017 at 3:37 PM
New Recommendations by the FINRA Dispute Resolution Task Force (2nd Article)

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the second in a series of posts to discuss the 51 recommendations the FINRA Dispute Resolution Task Force (Task Force) has made to the National Arbitration and Mediation Committee (NAMC). NAMC is FINRA’s standing Board advisory committee.                                           

The Task Force examined the expungement request process for brokers’ employment records, in order to determine if there was a way to expedite and/or improve the process. After its review, the Task Force made a recommendation: FINRA should automatically notify state regulators of expungement requests.

The FINRA Board agreed and approved the proposed amendments to FINRA Rule 12805 of the Customer Code and FINRA Rule 13805 of the Industry Code. The amendments state that FINRA will notify the appropriate state securities regulators of all requests for expungement relief.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including Securities FraudUnauthorized TradingBreach of Fiduciary DutyRetirement Planning Negligence, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

Related Attorneys: James J. Eccleston

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